Pizzeria & Property

Seller Financing Available

Also available with real estate consisting of three commercial and one residential rental unit. This is a most unusual business opportunity for this ultra-modern Italian restaurant Pizzeria in an affluent area of Northern New Jersey, Bergen County with a 2023 gross yearly income of $1,466,171 and evidencing a net income of approximately $265,256 to the owner operator. This restaurant purchase will offer owner financing to a qualified buyer with an appropriate down payment. They are a family-owned and operated BYO liquor and offers a full menu of Italian specialties. The company offers delivery services, and their objective and company goal are to provide first class hospitality while celebrating vibrant culinary cuisine. They encourage an atmosphere where customers can meet for the best possible foods and enjoy the atmosphere. This is a dependable safe business opportunity and based on the asking price, required down payment for owner financing, and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The business fixed assets have an estimated value of approximately $125,000 which is based on replacement cost, representing equipment, licensing, etc. The accurate value of the assets will be calculated during the allocation period. This transaction consists of a fully equipped commercial restaurant operation, which includes, required municipal & state licenses, web site, social media venues, full commercial kitchen, POS system, computer, software including all the necessary equipment to maintain the daily business operation and a list of assets will be supplied to purchaser upon request. Regarding employees and payroll, this restaurant company consists of twenty-one (21) full and part-time employees who are unaware of the pending sale. The payroll is primarily based on a weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately 25% of gross sales.